How simple can opening a trading account be?

Back in 2011, I decided to open a trading and demat account with a broker. The broker’s representative called me saying it would require a few documents and it would get open within a day. It took one full week!!

It took me more than an hour to read all the instruction and understand what was required to be filled where. I had to sit and fill the whole form, repeating certain details several times. I was required to fill in details like my Name, email ID, etc at 20 different places in the same form. It was beyond me as to why should I write my name on the same form booklet for 20 times at 20 different places. The whole experience was a disaster! I’m sure many of you have had similar experiences. I think filling up a form to open a broking and demat account with a broker has been nightmare for everyone individual in the country. The same process had to be all over again repeated for opening a commodity account as well.

Thanks to the world of technology, we at SAMCO have created a simple and easy way to open your demat and trading account with us. With the principles of “Athithi Devo Bhava” we welcome our clients with the least possible efforts and minimum possible time.

The account opening process requires physical documentation, however our team at SAMCO have integrated online and offline procedures to make the whole process much simpler and faster.

We assure you opening an account with us will not take more than 5 minutes of your valuable time.

We’ll list down the process of what do you need to do and then elaborate so that you don’t have any doubts while implementing the process. When you follow this process, in a matter of minutes you will be able to open your Trading, Demat and even your Commodity Trading account, all through a single window.

Go to the SAMCO website, open an account page and fill in your basic details. Please fill in your Name, Email ID and Mobile Number correctly since these will be used to generate your account login with SAMCO.

Step #2 – Set a password for your account and Verify your email account using a verification link

Once you click Open an account in Step #1 – you will be redirected to a page to set a password for your account. Once you set a password for the account, an auto email for verification of your account shall be sent to your EMAIL ID.

Verify your account by clicking the Confirm Now Button in the email received by you.

Once you select your entity type, a form will open up, to allow you to fill in your account details. Please enter your details carefully and accurately. Please note, certain details are mandatory for opening an account which if not filled will not allow you to proceed with the form. Kindly fill in all the compulsory fields.

Fill in your Personal Details carefully. Please enter your PAN number correctly and also Enter your Name EXACTLY as it appears in your PAN Card.

Complete the form and proceed to selecting your trading preferences. Here you need to select the segments which you want to activate your account in. Select these carefully. Once completed proceed and press the Confirm Button.

Your forms would be automatically generated and would be mailed to your email id. You can also download the form from the above page.

Step # 5 – Upgrading your Package

Your default package would be standard where you’ll need to download and print the forms and courier it to us. You can upgrade your package for a nominal fee. Select the city from the drop down. In case your city doesn’t appear, please select the Others option.

Based on the selection made, options for selection of a package shall appear.

SAMCO offers 2 more packages for opening an account

1. Priority Package – We’ll send you completed, verified forms by courier and you’ll need to affix your documents, signatures and photographs and courier them back to us

2. Premium Package – We’ll send someone from our team to your residence with the forms who shall check your form and pick it up from you at a mutually convenient time.

The Premium package is only available for 33 cities across India while the Priority package is available for all cities across the country.

Step # 6 – Make Payment for Upgraded Package!

Once you select your package, you shall be re-directed to the payment gateway for payment. Your payment will be through CC Avenue’s online payment gateway which is completely secure. On completing the payment, you shall receive a confirmation for the payment.

Once the zip file for the forms in downloaded, the Zip shall contain your forms. Print your forms, sign the forms and attach the required documents. The documents and checklist required to be completed for opening the account shall be mentioned on the first page of your form. Kindly complete the same and dispatch by courier to the SAMCO office. In case you have selected the Priority or Premium package, you shall receive the forms at your residence. You shall be only required to sign and the documents. Please keep the documents ready as per the checklist.

Checklist for documents on the First Page of the Each Form

And We’re Done!

The above process practically doesn’t take more than 5 minutes!

And BTW, this entire process is also available on mobile devices. You can do all of the above on your mobile devices. Let’s show you how it’ll look on your smartphones

The Online Account Opening Process on your Mobiles!

Are you still uncomfortable with the online account application process?

In case you are still uncomfortable with online account application process, we also have an option of doing it the traditional way. You can Download and print the form from our website’s account opening section.

Team SAMCO has made a sincere effort of simplifying your account opening experience.

However, if you still have a problem, you can call us at +91 – 22 – 2222 7777